As proven time and time again, the D/FW commercial real estate market is white hot and attracting new customers from all over the world. One of the biggest reasons large companies are moving to D/FW is its sheer size. Though Dallas and Fort Worth get the main billing in the Metroplex, other cities such as Arlington, Frisco, Irving and Plano more than hold their own when it comes to operating as central business hubs. Throughout the region, opportunity abounds for investors looking to capitalize on the lucrative triple-net (NNN) lease market. One such outlying city, Flower Mound, recently pulled in the latest out-of-state company to the Metroplex in a deal which will not only inject the city with new money and enthusiasm, but also new development.
Flooring and roadway systems manufacturer Signature Systems Group, LLC is currently headquartered in New York, but they’ll soon build a new home in Flower Mound. The company announced their move in early October, but only mentioned they were looking at the Dallas area. At the time, company spokespeople said they were attracted to the area after seeing the intense interest and growth in the Metroplex. Now Signature Systems Group has said they’ll call Flower Mound home and even build a brand new headquarters there. New facilities such as this are a prime driver for other commercial property developments, including NNN lease properties. Currently the company has a manufacturing center in New York and 3 other office parks located in Baltimore, Florida, and Los Angeles, each of which will remain where they are.
Signature Systems Group’ s CEO Seth Gordon said in an earlier statement that another benefit to moving to the Dallas area is its proximity to the rest of middle America.
“This brand-new corporate office and distribution center in Dallas will give us improved access to our largest, under-serviced, domestic markets in Texas, Oklahoma and America’s heartland,” explained Gordon.
The company looks to grow along with Flower Mound and the rest of the Dallas area with this move. Just as Signature Systems Group has been taking on more global customers, so too has Dallas been attracting more global traffic.
Flower Mound officials say they’ve been hard at work to make their city more enticing to businesses as a way to boost the local economy and bring in more jobs for its citizens. This move, and the incentives offered to Signature Systems Group, are all a part of a larger economic push set forth by the city, a plan which includes the development of offices, industrial parks, and single and multi-tenant retail properties. Signature Systems Group will occupy one of these new business centers, a 150,000 square-foot building complete with distribution center, offices, and a showroom. The company will open their headquarters by the end of 2014 and will have more than 30 full time employees by the end of 2016.